L.M. Kohn & Company Sells 479 Shares of Altria Group, Inc. (NYSE:MO)

L.M. Kohn & Company trimmed its holdings in shares of Altria Group, Inc. (NYSE:MO) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,742 shares of the company’s stock after selling 479 shares during the quarter. L.M. Kohn & Company’s holdings in Altria Group were worth $548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MFA Wealth Advisors LLC bought a new stake in Altria Group during the 2nd quarter worth approximately $27,000. Hobbs Group Advisors LLC bought a new stake in shares of Altria Group during the 2nd quarter valued at $30,000. Valley Wealth Managers Inc. lifted its stake in shares of Altria Group by 63.9% during the 2nd quarter. Valley Wealth Managers Inc. now owns 667 shares of the company’s stock valued at $30,000 after buying an additional 260 shares in the last quarter. Peterson Financial Group Inc. bought a new position in Altria Group in the 3rd quarter worth $41,000. Finally, Fairman Group LLC increased its stake in Altria Group by 85.1% in the 3rd quarter. Fairman Group LLC now owns 892 shares of the company’s stock worth $46,000 after buying an additional 410 shares in the last quarter. 57.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MO has been the subject of a number of recent analyst reports. Citigroup upped their price objective on Altria Group from $44.50 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. UBS Group lifted their target price on Altria Group from $39.00 to $41.00 and gave the company a “sell” rating in a research note on Monday, September 9th. Barclays lifted their target price on Altria Group from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Bank of America decreased their target price on Altria Group from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Finally, StockNews.com raised Altria Group from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.33.

Altria Group Price Performance

NYSE:MO opened at $57.74 on Friday. The company has a market cap of $97.86 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 3.28 and a beta of 0.64. The stock’s 50 day simple moving average is $52.55 and its two-hundred day simple moving average is $50.13. Altria Group, Inc. has a 1 year low of $39.25 and a 1 year high of $58.03.

Altria Group (NYSE:MO) last released its earnings results on Thursday, October 31st. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.03. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS. As a group, analysts anticipate that Altria Group, Inc. will post 5.11 EPS for the current year.

Altria Group Company Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.